Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 40.9 to 20.
-
Figures corrected NBB
Corrected annual account filed for 2022.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Upthrust from Antwerpen, company number BE0628496751, closed financial year 2025 with a result of € -4.7 million after tax. For that financial year Upthrust recorded revenue of € 6.1 million and equity of € 3.3 million. Compared with financial year 2024, the result moved from € 6.3 million to € -4.7 million. The company made a loss. The buffer shrank hard: equity is 59 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 3.3 million
▼ 59% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.7 million
▼ still € 6.3 million profit in 2024
Profit after tax over the fiscal year.
€ 5.3 million
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.7 million.
People and assets in 2025
20
▼ 16 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▼ 43% vs 2024
€ 81,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 45,212
▲ 61% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 35.6 million
▼ 2% vs 2024
€ 3.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 1.1 million
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 96 days on average.
€ 218,939
▼ 53% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 14,831,591 | € 13,209,518 | € 11,764,409 | € 6,085,308 | ▼ 48% |
| Profit after taxes | € 1,193,828 | € -3,203,710 | € 6,321,382 | € -4,680,383 | ▼ € 11 million |
| Equity | € 10,294,606 | € 7,090,895 | € 7,930,839 | € 3,250,456 | ▼ 59% |
| Total debts | € 43,267,305 | € 46,902,990 | € 49,857,897 | € 50,308,912 | ▲ 1% |
| Cash | € 911,000 | € 846,136 | € 6,309,977 | € 5,285,744 | ▼ 16% |
| Retained profit | € 2,363,766 | € -839,944 | € 0 | € -4,680,383 | |
| Dividend | € 0 | € 0 | € 5,481,439 | € 0 | ▼ 100% |
| Bank debt | € 39,132,330 | € 43,014,515 | € 36,333,278 | € 35,587,500 | ▼ 2% |
| Balance sheet total | € 53,561,911 | € 53,993,886 | € 57,788,736 | € 53,559,368 | ▼ 7% |
| Employees (FTE) | 40.8 | 40.9 | 36 | 20 | ▼ 16 |
Key figures of Upthrust, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Upthrust?
What happened at Upthrust in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4.7 million (▼ € 11 million vs 2024). Source: NBB ↗
- Augmenta Consulting bv became a director. NBB
- Consudel Comm.V. stepped down as director. NBB
- Dignify Consulting BV stepped down as director. NBB
- Dignify Consulting BV became a director. NBB
- Consudel Comm.V. became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million profit in 2022 to € 4.7 million loss in 2025.
Paid € 103,664 in corporate taxes since 2022.
Best year ever: 2024, with € 6.3 million profit.
Paid out € 5.5 million in dividends to the owners in total.
Management
Behind Upthrust is Augmenta Consulting bv. The shares are held by B-15 BV (100%). It owns 100% of addData, 100% of B+M Webworks, 100% of Fightclub Belgium, 100% of The House of Marketing and 100% of Fightclub Holding itself.
Directors
According to the 2025 annual accounts
since 2025
Director · represented by Gregory Delens
Also active at: The House of Marketing, STRATEGERY SOLUTIONS, DIGNIFY, B-15, addData, Fightclub Belgium
since 2019 · until 2025
Director · represented by Marco Piombo
Also active at: The House of Marketing, Take The Lead, DIGNIFY, addData, Fightclub Belgium
since 2024 · until 2025
Shareholders
100%
Participations
100%
B+M Webworks
100%
100%
Fightclub Holding
100%
Establishments
Establishment units
Physical locations of this company
Frans Buyensstraat 9 box 1
2000 Antwerpen
Broederminstraat 9
2018 Antwerpen
Active since 10 April 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0628.496.751
- VAT number
- BE 0628.496.751
- Registered office
- Frans Buyensstraat 9 bus 1, 2000 Antwerpen
- Names & denominations
- Upthrust
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 2015
- Peppol
- Active · Active since 27 Jan 2025
- Activities · NACE
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